Sony Confirms PS3 Slim, Priced at $300

The rumors were true: Sony has announced a slimmer version of is PlayStation 3 due in stores Sept. 1.

The upgraded PS3 is 33 percent smaller, 36 percent lighter and priced at $300 ($100 less than the original PS3), according to Sony. The new console will include a 120GB hard drive, up from 80GB in the previous model.

Sony also announced that as of today, the current, fatter PS3 has dropped to $300 as well. So if looks don’t matter to you, now’s the time to splurge.